(1) Suppose that the demand curve in the market for Schott-Zwiesel pure wine glasses can be represented by the following demand and supply equations: Qd = 200 -5P Qs = 5P a. Find the equilibrium price and quantity demanded P: 200-5P=5P 200=10P P=20 Qd= 200-5(20)=100 Equilibrium price is $20, equilibrium quantity is 100 units. The government decides to impose a tax of $10 per unit sold on Schott-Zwiesel pure wine glasses. b. Find the price paid by buyers 200 - 5P = 5(P - 10) 200 = 10P - 50 P = $25 c. Find the price paid by sellers. $25-$10= $15 d. Find the equilibrium quantity with the tax. e. Illustrate your answer in with a diagram f. Calculate the Dead Weight Loss due to the tax g. Calculate the consumer surplus after the tax. h. Calculate the producer surplus after the tax i. Calculate the tax revenue paid to the government j. Calculate the share of the tax paid by the buyers